Identify that account to which the share of profit of a deceased partner is debited from the date of the last Balance Sheet to the date of his or her death.

Profit and Loss Suspense account

To account for the deceased partner's share of profits during the interim period in the company's financial records, the following journal entry is recorded: Debit Profit and Loss Suspense Account and Credit Deceased Partner's Capital Account. Subsequently, the Profit and Loss Suspense Account is reconciled by transferring its balance to the Gaining Partners' Capital Accounts based on their gaining ratio.